In the Case of Goods Insured at Market Value,their Value

question 49

Multiple Choice

In the case of goods insured at market value,their value is assessed:

• A)at the date the goods were lost or destroyed.
• B)at the date the goods were purchased.
• C)at the date of the claim.
• D)at the date the contract of insurance commenced.

---

Definitions:

Slave Trading

The buying, selling, and transportation of human beings for the purpose of slavery, a practice prominent until its abolition in the 19th century.

Immigrant Culture

The traditions, practices, languages, and experiences shared by individuals who move from one country to another.

Denmark Vesey

A freed slave in the early 19th century who planned a large slave rebellion in Charleston, South Carolina, in 1822. The plot was discovered before it could be executed, leading to Vesey's execution.

American Influences

The various cultural, political, and economic impacts that the United States has had and continues to have on the global stage.